Borno State Governor, Prof. Babagana Umara Zulum, has approved a two-year tax waiver for traders impacted by the September 2024 flood disaster and those operating in Maiduguri’s Monday Market.
The tax relief is aimed at easing the financial burden on business owners and supporting economic recovery in the state, where many residents lost their livelihoods due to the devastating flood.
Announcing the decision penultimate week, the Chairman of the Borno State Internal Revenue Service (BO-IRS), Professor Ibrahim Bello Alhaji, described the waiver as part of Zulum’s broader tax reforms to enhance the ease of doing business.
He also noted that Borno State now ranks 12th nationally in tax digitization and administration improvements.
He highlighted ongoing state-funded projects in Jiddari, Umarari, GRA, Bulumkutu, Custom, Chad Basin, and other areas, emphasizing that tax revenue is benefiting all parts of the state.
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